Kacific closed a US$147 million financing round in late 2016 with a mix
of equity, debt and customer prepayments which covers the purchase of
the satellite, launch service, ground systems and all other project
costs. To secure this funding, Kacific has signed 15 managed bandwidth
wholesale agreements in 14 different countries for a total value of
US$434 million.

Kacific-1 is designed to deliver uncontended broadband throughput via 57
Ka-band narrow beams, each having a capacity up to 1.25Gbps, with the
highest signal power ever achieved in the region. The beams are
selectively tailored to cover precise pockets of demand in a
geographically dispersed footprint of 20 Pacific and South East Asian
nations. Strategic positioning of the beams has enabled Kacific to sell
capacity in 51 out of 57 beams so far, through take-or-pay contracts,
with most beams exceeding 70 percent firm capacity bookings and several
being almost saturated.

Kacific selected the Boeing 702 because it is a reliable High Throughput
Satellite platform delivering strong economics and a consistent
high-quality connectivity across all service beams.

“Boeing is pleased Kacific has chosen our flight-proven scalable 702
satellite for its next-generation broadband satellite service,” said
Mark Spiwak, president of Boeing Satellite Systems International. “The
capability and performance of the Boeing 702 satellite will enable
Kacific to meet increasing demands for connectivity in the Asia-Pacific
region, reaching new and underserved markets with reliable and
cost-effective satellite internet services.”

“We do pure play broadband. We focus on direct-to-premise. We precisely
place capacity where it is most needed,” said Christian Patouraux,
Kacific CEO. “This will yield price points that will unleash internet
participation and usage. With the launch of Kacific-1, in 2019, people
in areas currently lacking affordable high speed internet will be able
to access online education, healthcare and public services, and grow
their local economies. Delivering internet speeds over 100 Mbps on low
cost, small form factor terminals, will help connect the dots of South
East Asia and the Pacific to the digital world.”